Dear Members,
Please clarify with regarding to register of contract and arrangement u/s 189 ;
A director of a company is director in another company & not holding any shares along with other directors. He disclosed his interest in MBP-1 u/s 184(1).
Company is giving loan to that another company.
As shareholdong of directors in another company is not exceed 2% or in requested query there is no shareholding, Whether such interest is not required to be metioned in register maintained u/s 189 in form MBP-4.
Thanks